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Shared Prosperity Fund

Volume 715: debated on Wednesday 25 May 2022

12. What recent discussions he has had with the First Minister of Wales on the shared prosperity fund. (900146)

I have regular discussions with the First Minister of Wales on a range of issues, including how Wales’s £585 million share of the UK shared prosperity fund will level up communities across our country.

Does the Secretary of State share my concern that according to a number of independent analyses, the shared prosperity fund is likely to shift resources away from the valleys, the poorest parts of Wales, to more prosperous parts?

Unsurprisingly, I contest the hon. Gentleman’s assertion. I would just say this: by 2024-25, the annual funding from the shared prosperity fund will match the average annual funding that Wales would have received from the European Regional Development Fund after adjusting for inflation. If he does not take that from me, or does not believe me, I can tell him that it is from Guto Ifan, research associate at the Welsh Governance Centre. That indicates that we are going in the right direction with the shared prosperity fund. Would it not be good, just for a moment, if the Welsh Government supported those very ambitious opportunities?

Order. I know the whole House will want to join me in expressing our outrage and deep sorrow following the shooting at Robb Elementary School in Texas. I know that our thoughts and prayers are with those affected and all of the families who have lost loved ones.

Before we come to Prime Minister’s questions, I want to welcome Nick Munting and his family to the Gallery. Nick has worked in Parliament for over 30 years, primarily as a sous chef but also as an Associate Serjeant at Arms. Unfortunately, Nick has had to leave his role because of ill health and he is much missed by his colleagues. I know that all Members, particularly the hon. Member for Croydon Central (Sarah Jones), Nick’s constituency MP, will wish to join me in thanking Nick for his long service to the House and in sending good wishes to Nick and his family.

I would like to point out that a British Sign Language interpretation of proceedings is available to watch on